Arrowpoint Investment Partners Singapore Pte. Ltd. Buys Shares of 15,000 Baidu, Inc. $BIDU

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,000 shares of the information services provider’s stock, valued at approximately $1,960,000.

A number of other institutional investors have also recently made changes to their positions in BIDU. Binnacle Investments Inc purchased a new stake in shares of Baidu during the second quarter worth approximately $29,000. UMB Bank n.a. lifted its holdings in Baidu by 65.0% in the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 134 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in Baidu by 12,400.0% in the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after purchasing an additional 372 shares in the last quarter. Winthrop Capital Management LLC acquired a new stake in Baidu during the 4th quarter worth $59,000. Finally, Sycomore Asset Management acquired a new stake in Baidu during the 3rd quarter worth $79,000.

Baidu Trading Up 1.6%

Shares of BIDU stock opened at $134.80 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.22. Baidu, Inc. has a twelve month low of $83.30 and a twelve month high of $165.30. The company’s 50-day moving average price is $125.73 and its 200-day moving average price is $129.75. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of -1,123.24, a PEG ratio of 2.26 and a beta of 0.54.

Analyst Upgrades and Downgrades

BIDU has been the subject of a number of recent research reports. Zephirin Group increased their target price on shares of Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a research report on Monday, March 2nd. Benchmark restated a “buy” rating and set a $215.00 price target on shares of Baidu in a research report on Tuesday, May 19th. BNP Paribas Exane began coverage on shares of Baidu in a research note on Wednesday, April 1st. They set an “outperform” rating and a $161.00 price objective for the company. Wall Street Zen upgraded shares of Baidu from a “sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Nomura raised their target price on shares of Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.58.

Baidu Company Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.